Enclave Advisors LLC Trims Stake in Exxon Mobil Corporation $XOM

Enclave Advisors LLC lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 21.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,087 shares of the oil and gas company’s stock after selling 21,395 shares during the quarter. Exxon Mobil makes up 1.3% of Enclave Advisors LLC’s portfolio, making the stock its 21st largest holding. Enclave Advisors LLC’s holdings in Exxon Mobil were worth $8,579,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of XOM. Linscomb Wealth Inc. grew its holdings in Exxon Mobil by 1.4% during the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after buying an additional 5,527 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after acquiring an additional 131,600 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Exxon Mobil by 3.3% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock valued at $34,576,000 after acquiring an additional 9,831 shares during the last quarter. Capital Counsel LLC NY grew its holdings in shares of Exxon Mobil by 0.9% in the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after purchasing an additional 460 shares in the last quarter. Finally, OneAscent Wealth Management LLC increased its position in Exxon Mobil by 116.7% in the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after purchasing an additional 4,123 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $119.39 on Friday. The stock has a market cap of $503.49 billion, a PE ratio of 17.35, a P/E/G ratio of 7.49 and a beta of 0.38. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $120.81. The company has a 50-day moving average price of $116.52 and a 200 day moving average price of $113.09. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $57.55 billion during the quarter. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a research report on Tuesday, December 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday, December 15th. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Friday, December 12th. Cowen reissued a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. Finally, Mizuho upped their price objective on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.45.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the transaction, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.